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Persons of Sri Lankan origin Non Residents - NRFC

Features

Objective

Non-Residence Foreign Currency (NRFC) Account is a savings scheme introduced for Sri Lankan Nationals or Non nationals at any time been a Sri Lankan National. This will be the ideal account for your hard worked earnings to be. Seylan NRFC Account will offer you benefits while earning interest, through “Seylan Thilina Sayura” Benefit scheme.


Interested in opening an account?
Click here to fill the form and we will call you back
  • Are you a…

    • Sri Lankan Passport holder residing overseas.
    • Foreign Passport holder born in Sri Lanka holding permanent visa’s
    • Dual Citizenship holder of Sri Lankan origin, residing outside Sri Lanka.
    • Sri Lankan Nationals, who is or has been employed abroad within 90days of their return to Sri Lanka
    • NRFC account holder of another banks, who is willing to transfer the account to Seylan Bank.
    • Minors whose parents are employed overseas
  • Range of currencies

    A choice of designated currencies in which you can maintain your account: USD, EUR, JPY, SGD, CAD, HKD, GBP, CHF, AUD, DKK, SEK, NZD

  • Type of Accounts

    Foreign currency savings and fixed deposits

  • Cash Card

    Seylan NRFC Cash card allows you to nominate a family member to withdraw a fixed sum of money in Sri Lankan Rupees

  • Save and earned benefits

    Entitle yourself for “Seylan Thilina Sayura” benefit schemes by maintaining a balance of USD 500 or equivalent

  • Track your money

    View all your Seylan Bank accounts, previous and current statements and much more with Seylan Bank Internet banking

  • Enhanced interest rate of 0.25% for senior citizen Fixed Deposits.

  • Tax exemption

    For interest earned for deposits as per current regulations

  • Loan Facility

    Up to 90%* Rupee or FCY loans against your NRFC deposits



  • Wide Network

    Islandwide branch network for your convenience



  • Global Access

    Allows withdrawals all over the world via Visa accredited ATMs

  • Easy Payment and transfers

    Pay bills and transfer funds to accounts within Seylan bank or to other Sri Lankan banks’ accounts via SLIPS, Internet banking or TT

Interest Rates & Fees

Given below are the interest rates for NRFC/ RFC/ SFIDA/ RNNFC/ NRNNFA/ FEEA/ FCISPE/ SIA/ SFNA

SAVINGS ACCOUNTS
Currency Code Minimum Balance InterestRate, % p.a AER
US Dollar USD 25 2.0000 2.0184
Sterling Pound GBP 15 1.5000 1.5104
Euro EUR 20 1.0000 1.0046
Australian Dollar AUD 35 2.0000 2.0184
Japanese Yen JPY 2,850 0.1250 0.1251
Swiss Franc CHF 35 0.1250 0.1251
Singapore Dollar SGD 45 0.2500 0.2503
Canadian Dollar CAD 30 1.5000 1.5104
Danish Kroner DKK 175 1.5000 1.5104
Swedish Kroner SEK 200 1.5000 1.5104
Hong Kong Dollar HKD 200 0.1250 0.1251
New Zealand Dollar NZD 35 1.5000 1.5104

See all Interest Rates>>>


Fee Details Fees
Internet Banking Free
ATM Card Issuance Fee LKR 200.00
ATM Card Annual Fee LKR 250.00

See all service charges>>>

How to get started
  • Documents required:
    • Sri Lankan Passport visa page
    • In the case of a foreign national documents to prove birth in Sri Lanka
  • Credits
    • Inward remittances in foreign currency received through any Authorized dealers
    • Forign exchange brought into the country by the account holder
    • Interest payable in foreign currency on funds held in the account
    • Funds transfers from one NRFC account to another
  • Debits
    • Debits are freely allowed for international transactions and funds transfers from one NRFC account to another
    • For payments in Sri Lankan (converted to Sri Lankan Rupees at the prevailing rate of Exchange)
    • Currency notes may be issued to holders of NRFC accounts against funds held in such accounts for travel abroad, subject to production of travel tickets.
FAQs

I am residing overseas & need to open a NRFC foreign currency account?

Yes, please access our web site on www.seylan.com & down load the NRFC mandate relevant to savings/fix deposit whichever is relevant, call over at the Srilankan Embassy in your country and have your application endorsed by the officer or conforming authority.

You must submit the completed mandate and other documents , through the Sri Lankan Embassy along with a draft minimum value or equitant to 25/= USD or more. To the following address.

    The Manager,
    Retail Remittance Centre,
    No .90 level 05,
    Seylan towers,
    Colombo 03.

We shell open the account and conform to you the account number and deposit received.

Can my children open foreign currency accounts even if they are minors?

Yes, they need to have a SL birth certificate to do so.

What countries does Seylan Bank has its bank representatives stationed?

How can I get information on NRFC accounts

By calling Hot lines - + 94 112-439833, +94 112-452667 or logging on to our official web site on, www.seylan.lk

In what currencies can I open a NRFC account , at Seylan bank?

USD , GBP , EUR , AUD , JPY , CHF , SGD , CAD , DKK , SEK , HKD , NZW , CNY

What are the benefits do I get when I am a Seylan Bank NRFC account holder?

You will be entitle for our “Thilina Sayura” Benefit scheme with the following,

    Reward Categories

    Reward Amounts (Rs)

    Minimum account balance (USD)

    500-
    1,000

    1,001-
    2,500

    2,501-
    5,000

    5,001-
    7,500

    7,501-10,000

    10,001-25,000

    25,001-50,000

    50,001 & above

    Marriage

    10,000

    15,000

    20,000

    25,000

    30,000

    35,000

    40,000

    40,000

    Childbirth

    15,000

    20,000

    25,000

    30,000

    35,000

    35,000

    35,000

    35,000

    Surgery at Private hospital

    10,000

    20,000

    30,000

    50,000

    70,000

    80,000

    100,000

    100,000

    Cataract Surgery

    5,000

    7,500

    10,000

    15.000

    20,000

    25,000

    25,000

    25,000

    Reimbursement of SLBFE fee

    3,000

    4,000

    6,000

    8,000

    10,000

    10,000

    10,000

    10,000

    Hotel stay(Offered once every two years)

    N/A

    N/A

    N/A

    N/A

    N/A

    N/A

    1day - Full Board for 2 persons in a star class hotel

    2 days – Full Board for 2 persons in a star class hotel


    Balance in account(USD)

    Insurance cover

     

    Natural death (Rs)

    Accidental death (Rs)

    500 to 2500

    100,000

    200,000

    2501 to 7500

    200,000

    400,000

    7501 to and above

    500,000

    1,000,000


  • In the countries where bank Representatives are present or at Seylan bank branches you will get a VISA debit card free of charge.
  • Also you are entitle for a free tikiri account with a voucher for 500/- LKR.
  • Meanwhile our island wide branch network is there to assist you.

Who is eligible under “Thilina Sayura” in my family?

If you are married –spouse and un married children under 18 years
If you are un married/divorced – parents and un married siblings under 18 years.

If it’s a joint a/c how do I claim?

Joint a/c with spouse – only one claim by any applicant under each category under 18.
Joint a/c with children - any one claim under each category

How do I claim the SLBFE fee?

After opening the account it can be claimed within 12 months by maintaining a balance of 500 usd or equitant with in the said year.

What is the difference between a NRFC Savings Account and a NRFC Fixed Deposit?

At the time of placing the Fixed Deposit, amount, time period and interest rate will be agreed and it will not be changed until maturity. For a NRFC savings account you can deposit at any time and can withdraw at any time. If there is an interest change it will be applicable for the account.